Leases (Tables)

12 Months Ended

Dec. 31, 2023

The components of lease expense were as follows:


	Affected Line Item in the Statement of Income	Years Ended December 31,
(dollars in thousands)		2023		2022		2021
Operating lease cost	Occupancy/Equipment expense	$	31,175	$	29,368	$	12,336
Finance lease cost:
Amortization of right-of-use assets	Occupancy expense	2,921		2,672		2,356
Interest on lease liabilities	Interest expense	722		415		431

Sub-lease income	Occupancy expense	(387)		(448)		(438)
Total		$	34,431	$	32,007	$	14,685

Supplemental balance sheet information related to leases was as follows:


	December 31,
(dollars in thousands)	2023			2022
Operating Leases
Operating lease right-of-use assets	$	185,506		$	189,714
Operating lease liabilities	204,960			211,964

Finance Leases
Premises and equipment, net	19,820			10,799
Other borrowings	20,955			13,469

Weighted-Average Remaining Lease Term (in Years)
Operating leases	8.5			9.1
Finance leases	10.5			7.2

Weighted-Average Discount Rate
Operating leases	3.04		%	2.88		%
Finance leases	3.90		%	3.30		%

Supplemental cash flow information related to leases was as follows:


	Years Ended December 31,
(dollars in thousands)	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	31,720	$	30,340	$	13,823
Operating cash flows from finance leases	722		415		431
Financing cash flows from finance leases	2,533		2,475		2,057

The following table presents a maturity analysis of the Company’s lease liability by lease classification at December 31, 2023:


(dollars in thousands)	Operating Leases		Finance Leases
2024	$	31,199	$	3,357
2025	30,703		3,380
2026	29,972		2,154
2027	29,038		2,158
2028	25,392		2,056
Thereafter	87,940		12,752
Total undiscounted lease payments	234,244		25,857
Amounts representing interest	(29,284)		(4,902)
Lease liability	$	204,960	$	20,955